image copyright: http://www.flickr.com/photos/garibaldi/
This is some advice I think everyone should know about what sort of loans to take out.
It revolves around the difference between secured loans (a loan secured against your property) and unsecured loans (not secured against your property)
Getting a secured loan means that the lender has assurance that he will get his loan payment - and consequently will be much more willing to give a good rate of interest.
Getting a unsecured loan - you may think is less risky - but ultimately you will pay the price every month in the form of considerably higher interest payments.
To find out more about the benefits of secured loans visit this Secured Loans squidoo lens.
Parser.